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Hong Kong's Bureaucrats Amass a Huge Windfall
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Hong Kong's Bureaucrats Amass a Huge Windfall

Philip Bowring's avatar
Philip Bowring
Jan 23, 2008
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Hong Kong's Bureaucrats Amass a Huge Windfall
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Hong Kong is supposed to be a private sector-driven economy. But the zeal with which the government is building up its own financial assets shows its leadership increasingly prefers to follow the Singapore path and keep control of wealth in its own hands to the detriment of private households.

The reason: a mix of political opportunism and the arrogance …

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